(Purple Arrow): In the upper region of the Bitcoin upward channel, its target in this region will be 47K.
(Green Arrows): If it breaks the middle of the uptrend channel, this time it can get support from the bottom of the channel and start the bullish movement again.
(Red Arrow): If it breaks the uptrend, it means the downtrend is waiting for us this time.
In order to draw a Schiff Pitchfork , we first determine the last trend and draw the Fibonacci Circle of this trend, then we place the Schiff Pitchfork on the Circle.
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DISCLAIMER: This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
(Green Arrows): If it breaks the middle of the uptrend channel, this time it can get support from the bottom of the channel and start the bullish movement again.
(Red Arrow): If it breaks the uptrend, it means the downtrend is waiting for us this time.
In order to draw a Schiff Pitchfork , we first determine the last trend and draw the Fibonacci Circle of this trend, then we place the Schiff Pitchfork on the Circle.
❤️👍🏻 Please support me with LIKE / COMMENT ❤️👍🏻
DISCLAIMER: This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
